Local Government Pension Scheme (Management and Investment of Funds) (Amendment) Regulations (Northern Ireland) 2004

Regulation 2(4)

SCHEDULE SUBSTITUTION FOR PART I OF THE SCHEDULE

“PART I

	Column (1)	Column (2)
	Limits under regulation 12(2)	Increased limits under regulation 12(2A)
1.   Any single sub-underwriting contract.	1%	5%
2.   All contributions to any single partnership.	2%	5%
3.   All contributions to partnerships.	5%	15%
4.   All deposits with – (a) any local authority, or (b) any body with power to issue a precept or requisition to a local authority, or to the expenses of which a local authority can be required to contribute, which is an exempt person (within the meaning of the Financial Services and Markets Act 2000(1)) in respect of accepting deposits as a result of an order made under section 38(1) of that Act, and all loans (but see paragraph 14).	10%	–
5.   All investments in unlisted securities of companies.	10%	15%
6.   Any single holding (but see paragraphs 15 and 16).	10%	–
7.   All deposits with any single bank, institution or person (other that the National Savings Bank).	10%	–
8.   All sub-underwriting contracts.	15%	–
9.   All investments in units or other shares of the investments subject to the trusts of unit trust schemes managed by any one body (but see paragraph 16).	25%	35%
10.   All investments in open-ended investment companies where the collective investment schemes constituted by the companies are managed by any one body.	25%	35%
11.   All investments in units or other shares of the investments subject to the trusts of unit trust schemes and all investments in open-ended investment companies where the unit trust schemes and the collective investment schemes constituted by those companies are managed by any one body (but see paragraph 16).	25%	35%
12.   Any single insurance contract.	25%	35%
13.   All securities transferred (or agreed to be transferred) by the Committee under stock lending arrangements.	25%	–”

(1)

2000 c. 8